Blockchain-based cloud computing network aelf enters South Korea

Blockchain-based cloud computing network aelf enters South Korea
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aelf, the next-generation cloud computing blockchain network, today announced its entrance into the South Korean cryptocurrency market.

A three-pronged approach that covering a high-profile partnership with the country’s largest digital asset fund, Hashed; the listing of its token ELF on one of South Korea’s fastest and most reliable cryptocurrency exchanges, GOPAX; and a key on-the-ground hire of former McKinsey & Company Associate J.B. Lee, will amplify aelf’s strategic growth in one of the most active markets in the cryptocurrency economy.

Zhuling Chen

“South Korea is one of the most digital-savvy societies, with the fastest Internet speeds anywhere in the world and a large appetite for cryptocurrency and blockchain technology,” co-founder Zhuling Chen said. “In fact, 50 per cent of global cryptocurrency trading volume takes place in South Korea, which is no mean feat considering its population of less than 50 million.

“aelf’s presence in this highly dynamic and influential market is crucial as we build out our scalable cloud computing network to accelerate the global commercial adoption of blockchain technology. We are confident that our technology and relationships with key local companies Hashed and GOPAX will help aelf form a larger presence in one of the world’s largest market, and play a key role in the country’s effort to adopt blockchain.”

Hashed is South Korea’s biggest blockchain-focused fund, incubator, and community builder, with extensive experience and reach into Asian markets, San Francisco and Silicon Valley. aelf’s strategic partnership with Hashed will support its growth both in the Asian region and globally.